Are young people being disproportionately targeted by cost of living pressures? That's the case according to a hospitality chain that's just announced they're closing down eight of their UK venues for good, with the economic strain causing branches to be unprofitable according to company bosses. Here's everything we know.
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00:00 In a bid to prevent future site losses, eight locations across the UK will be losing Revolution
00:06 Bars from their high streets as the venues shut their doors for the final time amid financial
00:11 pressures. Revolution Bars Group, which owns various high street night time chains like
00:15 Revolution to Cuba, Peach Pubs and Playhouse, said their customer base, usually a younger
00:20 crowd, were the ones facing disproportionate strain through the cost of living crisis and
00:25 some of their branches were now no longer profitable. Sites in Beaconsfield, Derby,
00:30 Reading, St Peter's Liverpool and Wilmslow will close in the near future, although dates
00:34 have yet to be announced. The group will also close two Revolution to Cuba sites in Sheffield
00:39 and Southampton and the Playhouse in Newcastle-under-Lyme. In a statement, the brand owners said they
00:44 will work to redeploy staff from the venues where possible. The closures come despite
00:48 the company reporting its best Christmas trading period since 2019, but the shutdowns are simply
00:53 the latest in a long line of high street closures across the UK in recent years.
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